16e NEXT On January 3, 2018, Bramble Corp, owned a machine that had cost $399000....
70.2K
Verified Solution
Link Copied!
Question
Accounting
16e NEXT On January 3, 2018, Bramble Corp, owned a machine that had cost $399000. The accumulated depreciation was $235000, es value was $636000. On January 4, 2018, this machine was i $478000 against C opinion of Bramble's attorney, Cullumber's appeal will be denied. At December 31, 2018, what amount should Bramble accrue for this gain contingency? salvage value was $23500, and fair ber and In October 2018, a court ed damages of in favor of Bramble. At December 31, 2018, the final outcome of this case was awaiting appeal and was However, in the $ 636000. O $401000. O so. $518500. Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used SUBIT
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
